Principles of Management Interview Questions & Answers

Do you have a Business and management degree? Are you searching for a high paid job where you can excel your management career? If yes, then you are welcome to wisdomjobs page where you will get a list of management job opportunities available in the reputed organizations. In a management job, you will be required to develop a broad understanding of the Principles of management. A wide knowledge in areas such as finance, markets, customers, operations, information technology, communications, human resources, business planning and strategic management, will help you to grow quickly in your management career. Here at wisdomjobs we will help you to prepare for your job interview by giving you a brief description of the above management topics. Also a set of Principles of management job interview questions and answers are provided to you to help you to revise well before attending the big interview.

Planning is a process by which a manager looks to the future and discovers alternative courses of action. In other words, planning is anticipatory decision making. Planning is the process used by managers to identify and select goals and courses of action of the organisation.

The speed of communication flow through the informal channels is faster than formal channels. Many tasks which cannot be accomplished by formal organisation can be completed by informal organisation. Informal orgtanisation encourages cooperation between people. Informal organisation provides job satisfaction, personal attachment and status to workers. Thus, informal organisation is needed for any organisation.

1.Motivation is the process of 1.Satisfaction is the end
inspiring and actuating the result of motivation.
workers to accomplish the
objectives of the organisation.
2.Motivation leads to higher 2.Satisfaction makes
levels of productivity. changes in the behavious.

It is tool used for the strategy formulation. It analysis Industry growth rate and market share of the company and indicates different business positions and strategies like cash, cow, dog, Question mark, star.

Maximizing the results of a decision is an ideal stage. Normally it is an impossible thing. The reason is our decisions are disturbed by lot of constraints, to reduce the effect of these constraints some of our efforts become waste. So we can't reach maximum.

It is used for taking key business decision like stability, growth, retrenchment and divestment decisions are arrived. It is the top management function. These plans are used for long term decision making.

This is the method used for making decisions under uncertainty and risk. In this model before arriving a decision different option are considered and its probabilistic models are developed and analyzed.